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Festi hf.: Buyback program week 41
Globenewswireยท2025-10-13 08:30

Core Points - Festi has executed a buyback program, purchasing a total of 160,627 own shares for 49,671,235 ISK in week 41 of 2025 [1] - Prior to the recent purchases, Festi held 2,466,226 own shares, representing 0.79% of issued shares, and after the buyback, it now holds 2,626,853 own shares, or 0.84% of issued shares [2] - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 own shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included purchases on specific dates with the following details: - October 6, 2025: 10,627 shares at 305 ISK per share for a total of 3,241,235 ISK - October 7, 2025: 50,000 shares at 306 ISK per share for a total of 15,300,000 ISK - October 8, 2025: 40,000 shares at 308 ISK per share for a total of 12,320,000 ISK - October 9, 2025: 30,000 shares at 314 ISK per share for a total of 9,420,000 ISK - October 10, 2025: 30,000 shares at 313 ISK per share for a total of 9,390,000 ISK [1] Compliance and Regulations - The execution of the buyback program is in accordance with relevant laws and regulations, including the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse [1]